Knowledge Economy:
-businesses, corporations and individuals that use their knowledge of the growing economy, technologies, and their knowlege of the world around themfor purposes that will be used for the best interests of that company or individual.
examples:
We currently live in a knowledge economy, most first world countries are examples of knowledge economy because the growing technology and growing economy force people to keep learning new ways of doing things.
In this clip, Lester Brown says that to keep up sustainable progress in the economy, we need to ask questions and be more knowledgeable of this growing economy
The knowledge economy is a society which rotates around "research, education, new ideas, and information technologies" as it's main producer of wealth and prosperity. Innovations, such as the computer, have helped to reduce the amount of human labour required to perform specific actions, instead, resorting to the mere press of a key to obtain enormous amounts of data in front of your eyes in a matter of seconds. This invention has been used by its creators to earn profit from the people. People who want to be able to access this storage of information are willing to pay tremendous amounts of money for it, spending extra on additional features, such as games and other such software.
Generally, knowledge is supposed to serve only for the good of the public, giving them a greater understanding of how the world works. To economists, it is known as "non-rivalrous". Once it is released, it will be accessible to the rest of the world no matter what you do to try and prevent it from leaking.
There are some industries that focus heavily on the knowledge economy, such as robotics.
(Example)
"Robotics is the science and technology of robots, their design, manufacture, and application. Robotics requires a working knowledge of electronics, mechanics, and software." (Wikipedia Portal:Robotics) Robots are machines (artificially created systems) that are able to perform specific functions that have been programmed into it based on its surroundings. Based upon the human mind, people have started to integrate the ability of decision-making into them. Many science fiction novels and movies view robotics as humanoids, which are machines that are designed to look similarly to humans, and have distinctly dexterous movements, that possess artificial intelligence.
All these ideas on humanoids and artificial intelligence did not just suddenly appear in people's minds one day. They had to have had something to build itself upon. The knowledge economy creates the basis of these ideas, and continually builds upon it, expanding it until it is able to create such complex ideas as these. Since knowledge is always being expanded, people who work in these industries occasionally have to upgrade their skills to keep up with new discoveries.
-businesses, corporations and individuals that use their knowledge of the growing economy, technologies, and their knowlege of the world around themfor purposes that will be used for the best interests of that company or individual.
examples:
We currently live in a knowledge economy, most first world countries are examples of knowledge economy because the growing technology and growing economy force people to keep learning new ways of doing things.
In this clip, Lester Brown says that to keep up sustainable progress in the economy, we need to ask questions and be more knowledgeable of this growing economy
The knowledge economy is a society which rotates around "research, education, new ideas, and information technologies" as it's main producer of wealth and prosperity. Innovations, such as the computer, have helped to reduce the amount of human labour required to perform specific actions, instead, resorting to the mere press of a key to obtain enormous amounts of data in front of your eyes in a matter of seconds. This invention has been used by its creators to earn profit from the people. People who want to be able to access this storage of information are willing to pay tremendous amounts of money for it, spending extra on additional features, such as games and other such software.
Generally, knowledge is supposed to serve only for the good of the public, giving them a greater understanding of how the world works. To economists, it is known as "non-rivalrous". Once it is released, it will be accessible to the rest of the world no matter what you do to try and prevent it from leaking.
There are some industries that focus heavily on the knowledge economy, such as robotics.
(Example)
"Robotics is the science and technology of robots, their design, manufacture, and application. Robotics requires a working knowledge of electronics, mechanics, and software." (Wikipedia Portal:Robotics) Robots are machines (artificially created systems) that are able to perform specific functions that have been programmed into it based on its surroundings. Based upon the human mind, people have started to integrate the ability of decision-making into them. Many science fiction novels and movies view robotics as humanoids, which are machines that are designed to look similarly to humans, and have distinctly dexterous movements, that possess artificial intelligence.
All these ideas on humanoids and artificial intelligence did not just suddenly appear in people's minds one day. They had to have had something to build itself upon. The knowledge economy creates the basis of these ideas, and continually builds upon it, expanding it until it is able to create such complex ideas as these. Since knowledge is always being expanded, people who work in these industries occasionally have to upgrade their skills to keep up with new discoveries.
Bibliography
http://highered.mcgraw-hill.com/sites/0070976724/information_center_view0/student_text_online.html (Chapter 12)
http://www.med.govt.nz/templates/MultipageDocumentPage17263.aspx
http://en.wikipedia.org/wiki/Portal:Robotics
http://www.friends-partners.org/ (Image)